Buyer Beware: Tradestation will flag you as a professional if you don't use gmail, yahoo, etc

GRULSTMRNN said:
There are a number who don't. To my knowledge Robert Morse's does not neither does IB, Pepperstone and a number others.
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IB SAYS it doesn't but it keeps all the rebate fees that you get from the exchanges and shares with you just a portion of it. Trust me, it has its ways to compensate for the non-selling of order flows just the same.
 
Overnight said:
As a victim of identity theft, and a fairly astute user of tech, I can advise that there are some simple steps you can take to protect your privacy on the public web. (And my ID theft happened not because of some shit I did on a website, but when the OPM database was hacked some years ago. They got my social and filed a false tax return with it. I got it straightened out within 18 months. It sucked but no real damage was done.)

For instance, Facebook. DON'T PUT YOUR REAL NAME AND BIRTHDATE IN IT!

Oh, you did already? Too bad you cannot change it. Oh well, make a new fake account, or continue to use the one with all your real information.

Did you use your REAL NAME in anything else? Oh well, too bad that the information is now in the cloud. No point in trying to change it.

Advertisers? Well, for one, just ignore advertisers. Don't click the ads. Don't feed the ad.doubleclick.net monkey.

Don't put in real information into anything you use online that is public. It is really quite simple.
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Overnight is not your real name?? :wtf:
 
In a perfectly transparent way, yes. I know exactly what I am getting into. With selling order flow, you don't know anything about the actual cost you incur. It's a hidden cost and even when knowing about it you still don't know until after the fill.

JSOP said:
IB SAYS it doesn't but it keeps all the rebate fees that you get from the exchanges and shares with you just a portion of it. Trust me, it has its ways to compensate for the non-selling of order flows just the same.
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JSOP said:
IB SAYS it doesn't but it keeps all the rebate fees that you get from the exchanges and shares with you just a portion of it. Trust me, it has its ways to compensate for the non-selling of order flows just the same.
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I hate defending IB, so I'll speak in general. All retail and most institutional brokers do not pass through the highest tier of rebates or any PFOF. You can't expect your broker to not mark up anything, offer low rates and still make money.
 
On a related note, I think I know the answer to this question, but I'll ask it anyway....

I was registered with FINRA (not anymore), and currently work for a trust company. I manage stock portfolios. However, our firm does NOT transact or otherwise touch futures. Not allowed in any sense. I have ZERO professional connection to the futures industry.

So, while I am pretty clearly a "professional" from the POV of a stock exchange, could I pass for a non-professional in a futures only account, that is only for my personal use?

Knowing the exchanges, I am guessing that the answer is a big fat NO, and I am doomed to professional designation should I open a futures account.
 
drm7 said:
On a related note, I think I know the answer to this question, but I'll ask it anyway....

I was registered with FINRA (not anymore), and currently work for a trust company. I manage stock portfolios. However, our firm does NOT transact or otherwise touch futures. Not allowed in any sense. I have ZERO professional connection to the futures industry.

So, while I am pretty clearly a "professional" from the POV of a stock exchange, could I pass for a non-professional in a futures only account, that is only for my personal use?

Knowing the exchanges, I am guessing that the answer is a big fat NO, and I am doomed to professional designation should I open a futures account.
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Does Futures exchanges data provider distinguish between "professional" and "non-professional" users? I think they charge everybody the same fee, no? It's only the stock exchanges that charge the fees differently.
 
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